20,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

L & T Housing Finance Home Loan

L & T Housing Finance Housing Loan 2021

Last Updated 31st May 2019

LT Housing Finance is a large HFC with the lowest home loan percent rate in India. Currently, the bank offers home loans beginning from 7.70% with quick approval and online process. Home Loan in LT Housing Finance is quite popular with its special features and attractive rates under various LT Housing Finance home loan schemes for different income and occupation groups. Some of the key features of LT Housing Finance housing loan are:

  • LT Housing Finance also offers pre-approved housing loans at low rates for existing bank customers with strong credit history.
  • LT Housing Finance has an online application process where the KYC, income and property documents submission can be done digitally.
  • You can easily check the status of your LT Housing Finance home loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

LT Housing Finance Home Loan Details

L & T Housing Finance offers multiple home loan products to its customers at low rates. Below-mentioned are the details of home loan L & T Housing Finance

Age Min 23 and Max 65 years for Salaried
Min 25 and Max 65 years for Self Employed
Repayment Tenure 30 years
Interest Rate 7.70%
Interest Rate Linked To PLR
Processing Fee Upto 2.00%, Minimum ₹ 4,999
Lowest EMI Per Lakh ₹ 713
  • Purpose of Loan: L & T Housing Finance house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features of L & T Housing Finance Home Loans
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 23 and 65 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 90%.
    • Loan Tenure can range from 5 to 30 years.
    • Interest rates in the range of 7.70% to 8.45%.
    • L & T Housing Finance home loan EMI per lakh starts from ₹ 713. However, you can calculate your home loan EMI using L & T Housing Finance home loan calculator 2021.
  • Special schemes: L & T Housing Finance offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc.

Features & Benefits of LT Housing Finance Home Loans

Some of the features and benefits of LT Housing Finance Home Loans are listed as follows:-

  • LT Housing Finance Home Loan Interest Rate starts from 6.70%.
  • LT Housing Finance charges a processing fees of Upto 2.00%, Minimum ₹ 4,999.
  • Loan Tenure of Home Loan ranges from 5 years to 30 years.
  • Lowest EMI per lakh on home Loan from LT Housing Finance is per lakh offered at the lowest interest rate of 6.70% at the longest loan tenure of 30 years.
  • LT Housing Finance allows prepayment of home loans with Nil charges on floating rate loans.
  • LT Housing Finance has an average customer rating of 4/5.0 from customers who have taken a home loan from the bank.

How to Get Easy Home Loan from LT Housing Finance?

Getting a home loan from L & T Housing Finance is fairly easy with an online application process. 5 Steps for L & T Housing Finance Home Loan Apply

  • Step 1: Visit the website, branch, or website of authorised online channel partner of L & T Housing Finance and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.
  • Step 2: An official of L & T Housing Finance or online partner will call you to discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.
  • Step 3: Once you agree to proceed with the loan application, you will need to submit your income and property documents online or a L & T Housing Finance’s representative will visit your home or office to collect your documents.
  • Step 4: L & T Housing Finance will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do technical evaluation of your property.
  • Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from L & T Housing Finance and will need to sign a loan agreement with the bank. Post this, the loan will get disbursed to your account.

LT Housing Finance Home Loan Documents Required

To apply for a home loan in L & T Housing Finance, the bank asks you to submit the following L & T Housing Finance Home Loan Documents .

  • Home loan application form with three attested photographs.
  • Identity proofs: PAN, passport, Voter ID card or driving license.
  • Address or residence proofs: Recent copy of utility bills such as telephone, electricity bill, water bill, gas bill, or a copy of aadhar card, passport, driving license.
  • Property papers: Permission for the construction of a property; allotment letter; stamped agreement for sale; registered agreement for sale (only for Maharashtra); share certificate (only for Maharashtra); maintenance and electricity bill of the property; property tax receipt; conveyance deed in case of new property; payment receipts or L & T Housing Finance account statements of the payments made to the builder or the seller; Xerox copy of the approved plan copy and registered development agreement of the builder.
  • Bank account statements for the last six months of all bank accounts held by the applicant.
  • Loan A/C statement of last one year if any loan is availed previously from any other bank or another lender.
  • Income proof for salaried: Salary certificate or salary slip for the last three months; copies of form 16 of last two years; a copy of IT returns for the last two financial years that is acknowledged by the Income Tax department.
  • Income proof for self-employed: Address proof of business; Income tax returns of last three years; balance sheet and Profit & Loss A/c for last three years; business license details; TDS certificate or Form 16 A.
  • Self-employed professionals like CA or doctors, amongst others, are also required to submit the certificate of qualification.

LT Housing Finance Home Loan EMI Calculator

L & T Housing Finance home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. LT Housing Finance Home loan calculator helps the loan borrower pre-plan their home loan in advance.

LT Housing Finance Home Loan Eligibility Calculator

LT Housing Finance Home loan eligibility calculator is an online tool that helps the L & T Housing Finance home loan borrowers estimate their home loan eligibility. The eligibility calculator considers various factors such as the income of the applicant, age, work experience, employment and credit score. Therefore, the eligibility helps one analyse their ability and affordability of a home loan. You can also add a co-applicant in case your loan eligibility is lower than the amount.

Compare LT Housing Finance Home Loan with Other Banks


What are the documents required for home loan L & T Housing Finance?

To apply for LT Housing Finance Home Loan, you will be required to submit L & T Housing Finance home loan documents such as home application form with attested photographs along with various other documents such as identity proof, bank statements, residence proof, property papers and loan account statements if any.

Why should I take a home loan from LT Housing Finance ?

Below-mentioned is the reason why you must avail a home loan from L & T Housing Finance

Can I apply for an L & T Housing Finance home loan online?

Yes, you can apply for a L & T Housing Finance home loan online by visiting the bank’s official online portal for home loans or at an online marketplace like MyLoanCare.

Which is the best L & T Housing Finance home loan scheme?

Choosing the best L & T Housing Finance home loan scheme is subjective to the requirement of the home loan applicant. For instance, there are different home loan offers for the purchase, construction or renovation of a home. Thereby, choosing the best L & T Housing Finance home loan scheme is based on one’s needs.

Is L & T Housing Finance good for a home loan?

L & T Housing Finance is one of the best home loan lenders in the country. Currently, L & T Housing Finance home loan interest rate 2021 starts at 6.50%.

How can I check my L & T Housing Finance home loan status?

One can check their L & T Housing Finance home loan status on L & T Housing Finance’s home loan portal under the option. ‘Application tracker’. Apart, home loan status can also be checked on the L & T Housing Finance mobile app

What is the eligibility for a Home Loan of LT Housing Finance?

The eligibility to avail a Home Loan is set across the applicant’s age and income. The age of the applicant should range between 18-70 years. Further the minimum income of the applicant should be ₹ 25,000 along with a good credit score of 650 and above.

What is LT Housing Finance Home Loan procedure?

There are two methods to complete the application for LT Housing Finance Home Loan Process online:

  • Apply online at LT Housing Finance official website or online portal for home loans.
  • Online Marketplace like MyLoanCare

However, Availing a loan through an online marketplace improves your the chances of getting the best loan rates, low processing fees and special offers in the form of cash backs.

What is the maximum loan tenure I can opt under LT Housing Finance house loan?

LT Housing Finance offers you a longer tenure of 30 years to repay your loan with the benefit of paying less EMI per month.

Does LT Housing Finance check CIBIL for home loan?

Yes, to avail home loan from LT Housing Finance, you must fulfill LT Housing Finance Home Loan CIBIL requirement of a min CIBIL Score of 650 or above.

Can I transfer my house loan from another bank to LT Housing Finance?

Yes, Bank gives you the facility to transfer your existing loan with a hassle-free process. Availing loan transfer to LT Housing Finance can allow you to save interest, pay lower EMIs, and save money.

Can I club the income of my spouse with mine and apply for joint Home Loan?

You can club the income of your spouse to increase your Home Loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for a housing loan?

The benchmark applicable for Home Loan in LT Housing Finance is PLR . PLR is an external benchmark wherein commercial banks use the RBI’s repo rate to calculate the retail loan interest rate. In PLR, the reset period is 3 months which implies that banks would revise your interest rate of RLLR-linked loans every 3 months.

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
L & T Housing Finance Home Loan News - Dec 2021
  • 2018-02-19 : IFC to invest up to $75m in L&T Housing Finance
    International Finance Corp has recently proposed to invest up to $75 million in L&T Housing Finance Ltd. The proceeds will be used to finance developers of affordable housing as per the the Pradhan Mantri Awas Yojna.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Please wait while your information is being processed...